China is one of the world’s biggest and leading stock markets. As a result, China’s capital markets are gaining more interest from both domestic and international investors. But today, we are not talking a step back from investing in public companies and instead, talking about pre-IPO deals.

What are pre-IPO deals? What are the risks and opportunities associated to pre-IPO deals? We also look at the typical range of investment in such deals and how similar or different are pre-IPO investors from investment bankers?

We have the perfect guest to talk about the pre-IPO market today. Our guest today is Sophie Yao, the China General Manager of Pegasus Tech Ventures, which some people may know for their notable investments like SpaceX and Airbnb. Sophie currently manages a $1 billion fund that predominantly focuses on pre-IPO deals. She shares with us what goes on in the background when sourcing and investing in pre-IPO deals. We also touch upon the current economic tensions between the US and China and how that can impact companies looking to go public.